Fitch assigns 'BBB-'/'RR1' rating to Alaska Air Group's loyalty programme term loan
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Background ✨
Alaska Air Group priced a USD500 million 6.5% senior notes offering due 2031 and said its subsidiary, AS Mileage Plan IP Ltd, expected to incur an incremental USD500 million senior secured term loan tranche under its term loan credit and guaranty agreement, with closings targeted for 12-May-2026.1 Fitch also affirmed Alaska's IDR at 'BB+' and revised its outlook to negative, citing profitability pressures partly from higher fuel costs.2